Checking accounts are the most widely used financial product in the country. Yet poorly regulated bank overdraft practices continue to cause consumers to unknowingly incur multiple costly fees for a single transaction. Pew is promoting new rules to make overdraft programs safer and more transparent.

Additional Resources

Heavy overdrafters use a large proportion of income to pay their fees
Improve Economic Advancement Heavy Overdrafters

A financial profile

Overdrawn
Improve Economic Advancement Overdrawn: Consumer Experiences with Overdraft

Survey shows checking account holders still confused, unhappy with practices and fees